Developing countries are, for the first time, doing more trade with each other
than with developed nations.

In its latest health check of the global economy, the World Bank has found
that business between developing countries accounts for more than 50 per
cent of their total exports, up from 39 per cent in 2002.

These regions are also becoming increasingly important to developed countries.
Since 2000, trade between developed nations has grown on average by only 7.3
per cent a year, while exports from developed countries to developing
economies has increased at 11.8 per cent.